This is an undergraduate textbook on the basic aspects of personal savings and investing with a balanced mix of mathematical rigor and economic intuition. It uses routine financial calculations as the motivation and basis for tools of elementary real analysis rather than taking the latter as given. Proofs using induction, recurrence relations and proofs by contradiction are covered. Inequalities such as the Arithmetic-Geometric Mean Inequality and the Cauchy-Schwarz Inequality are used. Basic topics in probability and statistics are presented. The student is introduced to elements of saving and investing that are of life-long practical use. These include savings and checking accounts, certificates of deposit, student loans, credit cards, mortgages, buying and selling bonds, and buying and selling stocks. The book is self contained and accessible. The authors follow a systematic pattern for each chapter including a variety of examples and exercises ensuring that the student deals with realities, rather than theoretical idealizations. It is suitable for courses in mathematics, investing, banking, financial engineering, and related topics.
Product Identifiers
Publisher
Springer-Verlag NY Inc.
ISBN-13
9780387344324
eBay Product ID (ePID)
94723559
Product Key Features
Author
David Lovelock, Arthur L. Wright, Marilou Mendel
Publication Name
An Introduction to the Mathematics of Money: Saving and Investing
Format
Hardcover
Language
English
Subject
Economics, Accounting, Business
Publication Year
2006
Type
Textbook
Number of Pages
300 Pages
Dimensions
Item Height
235mm
Item Width
155mm
Item Weight
1340g
Additional Product Features
Title_Author
Arthur L. Wright, Marilou Mendel, David Lovelock
Country/Region of Manufacture
United States
Best Selling in Study Guides & Test Prep
Current slide {CURRENT_SLIDE} of {TOTAL_SLIDES}- Best Selling in Study Guides & Test Prep